A Process That Involves Examining All Elements of a Component

question 79

Multiple Choice

A process that involves examining all elements of a component, assembly, end product, or service to make sure it fulfills its intended function at the lowest total cost is:

• A)target costing.
• B)design to cost.
• C)value analysis.
• D)examination costing.

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Definitions:

Average Intelligence

Generally refers to a score on a standard intelligence test that falls within the middle range of the population, usually defined by a standard deviation from the mean IQ score.

Heuristics

are simple, efficient rules or methods used to make decisions or solve problems quickly when exhaustive processing is impractical.

Trial And Error

A fundamental method of problem solving that involves testing various solutions until finding one that works.

Availability

Refers to how easily something can be accessed or retrieved from memory, influencing how likely people are to use that information when making decisions or judgments.